Mauritius sugar producer Alteo H1 pretax profit jumps 116 pct
PORT LOUIS (Capital Markets in Africa) – Mauritius sugar producer Alteo’s pretax profit rose 116 percent to 1.36 billion rupees ($38.42 million) in the six months to December 31 helped by higher sales and favourable prices, the firm said on Tuesday. Alteo is the largest sugar miller on the Indian Ocean island. It also has interests in property development and hotels. In a statement, the firm said “enhanced production capacities in Tanzania and Kenya and…
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